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Grain Report Friday - 22nd March

Market Almost Open - CGX daily report

What price do you want for your grain?

Overnight moves in international markets and yesterday's actual traded prices across Australia are below to help you determine your price. If you need to change your offer price, simply edit it before market open.

Chart including Wheat CBOT prices, Wheat Black Sea prices, Canola ICE prices and Canola MATIF prices

Grain trade prices for Australia Grain (wheat, barley, Sorghum, Lupins, Canola, Faba Beans, Oats, Chickpeas and lentils)

Dominic Hogan Outlook commodities comments

Look Out!

  • Markets all up slightly last night, apart from canola which was off slightly.

  • Reports of extreme weather conditions in Brazil and Argentina with heavy rain, hail, and strong winds.

  • Might be a bit of corn crop damage, however rain usually makes grain.

  • SovEcon has forecast the Ruskie wheat crop to be around 94 million tonnes, which is up 1,2 million tonnes from last year's crop.

  • However, there are areas in Russia that have not received rain for the last 5 weeks......

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